<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>1998 (12) TMI 632 - ANDHRA PRADESH HIGH COURT</title>
    <link>https://www.taxtmi.com/caselaws?id=199728</link>
    <description>Relief for oppression and mismanagement requires a continuous course of burdensome, harsh and wrongful conduct showing lack of probity or fair dealing; mere family or business disputes do not satisfy that threshold. On the facts discussed, notices of meetings were issued, the petitioners were aware of the proceedings, and exclusion from management was not proved, so oppression was not established. The increase in share capital and subsequent allotment were treated as matters of internal management, supported by the company&#039;s financing needs and absent credible proof of mala fide purpose or abuse of power, so the allotment was not characterised as oppressive.</description>
    <language>en-us</language>
    <pubDate>Wed, 02 Dec 1998 00:00:00 +0530</pubDate>
    <lastBuildDate>Fri, 09 Mar 2018 18:11:56 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=512056" rel="self" type="application/rss+xml"/>
    <item>
      <title>1998 (12) TMI 632 - ANDHRA PRADESH HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=199728</link>
      <description>Relief for oppression and mismanagement requires a continuous course of burdensome, harsh and wrongful conduct showing lack of probity or fair dealing; mere family or business disputes do not satisfy that threshold. On the facts discussed, notices of meetings were issued, the petitioners were aware of the proceedings, and exclusion from management was not proved, so oppression was not established. The increase in share capital and subsequent allotment were treated as matters of internal management, supported by the company&#039;s financing needs and absent credible proof of mala fide purpose or abuse of power, so the allotment was not characterised as oppressive.</description>
      <category>Case-Laws</category>
      <law>Companies Law</law>
      <pubDate>Wed, 02 Dec 1998 00:00:00 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/caselaws?id=199728</guid>
    </item>
  </channel>
</rss>